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    5728 Morley St

    Los Angeles, CA 90045
    • $2,550,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 21-774676
    UPDATED: 60 min ago
    $2,550,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,354
      SQFT
    • $401
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    5728 Morley St, Los Angeles, CA 90045. A multi-family apartment in the seaside submarket of Playa del Ray / Westchester; built in 1950 and located in the Santa Monica Bay and the Westside region of Los Angeles, between Manchester Ave and Century Blvd. 5728 Morley St features a single parcel in Westchester, just north of LAX. The current structure consists of a multifamily complex totaling 6,354 SF. 5728 Morley Street sits on a 7,591 SF lot and features a unit mix of 1 three-Bedroom, 3 two-bedrooms, and 4 one-bedroom units. This stabilized investment provides an investor the opportunity to acquire a well-maintained asset with strong in-place cash flow with a 5.08% CAP rate on current income and GRM of 12.81. The property includes eight parking spaces. The subject property is being offered at a price per square unit of $318,750 at a 5.08% CAP. The units feature modern designs with smooth ceilings, recessed lighting, hardwood floors and tiled kitchens and bathrooms. Units are equipped with air conditioning and ceiling fans in bedrooms (additional ceiling fan in dining room), and all units are individually metered for gas and electric. 5728 Morley sits in the heart of Silicon Beach, which is home to more than 500 tech companies like Snapchat, Tinder and many more. The area offers easy access to LAX and close proximity to the 405 & 105 Freeways which gives residents the ability to easily travel throughout Los Angeles.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-27T11:42:34.083. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/120646382
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    5728 Morley St Los Angeles, CA 90045

    • Price: $2,550,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 21-774676
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,354
    SQFT
    $401
    $/SQFT
    1950
    Built
    Neighborhood:
    Westchester
    County:
    Los Angeles
    Area:
    Westchester
    Property Description
    5728 Morley St, Los Angeles, CA 90045. A multi-family apartment in the seaside submarket of Playa del Ray / Westchester; built in 1950 and located in the Santa Monica Bay and the Westside region of Los Angeles, between Manchester Ave and Century Blvd. 5728 Morley St features a single parcel in Westchester, just north of LAX. The current structure consists of a multifamily complex totaling 6,354 SF. 5728 Morley Street sits on a 7,591 SF lot and features a unit mix of 1 three-Bedroom, 3 two-bedrooms, and 4 one-bedroom units. This stabilized investment provides an investor the opportunity to acquire a well-maintained asset with strong in-place cash flow with a 5.08% CAP rate on current income and GRM of 12.81. The property includes eight parking spaces. The subject property is being offered at a price per square unit of $318,750 at a 5.08% CAP. The units feature modern designs with smooth ceilings, recessed lighting, hardwood floors and tiled kitchens and bathrooms. Units are equipped with air conditioning and ceiling fans in bedrooms (additional ceiling fan in dining room), and all units are individually metered for gas and electric. 5728 Morley sits in the heart of Silicon Beach, which is home to more than 500 tech companies like Snapchat, Tinder and many more. The area offers easy access to LAX and close proximity to the 405 & 105 Freeways which gives residents the ability to easily travel throughout Los Angeles.
    Exterior Features

    Lot Size Area 7554 Other Structures None Parking Garage Covered Parking Total Parking 0

    Interior Features

    Baths Total 11.00 Cooling Air ConditioningCeiling Fan Equipment Gas Or Electric Dryer Hookup Heating Other

    Property Features

    Assessed Total Value 395909 Gross Income 195043 Gross Operating Income 189192 Like Units1 4 Like Units2 1 Like Units3 2 Like Units4 1 Net Operating Income 125915.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 63277 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-27T11:42:34.083. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583